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Treasury Bond Prices Rise

June 8, 1999

NEW YORK (AP) _ Treasury bond prices were mostly higher at midday.

The price of the Treasury’s main 30-year bond was up 3-16 point, or $1.87 1/2 per $1,000 in face value, around midday, while its yield fell to 5.95 percent from 5.96 percent late Monday. Prices and yields move in opposite directions.

Yields on three-month Treasury bills auctioned Monday fell to 4.60 percent as the discount slipped 0.01 percentage point to 4.48 percent. Six-month yields fell to 4.94 percent as the discount edged down 0.01 percentage point to 4.75 percent. One-year yields fell to 5.04 percent as the discount lost 0.01 percentage point to 4.79 percent.

Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.

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